Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 6.1% during the 4th quarter, Holdings Channel reports. The fund owned 2,908 shares of the company’s stock after purchasing an additional 168 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Duolingo were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Mount Lucas Management LP grew its stake in shares of Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc boosted its holdings in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after buying an additional 32 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after buying an additional 73 shares during the period. Farther Finance Advisors LLC increased its holdings in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Duolingo in the third quarter worth about $26,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DUOL shares. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday. They issued a “hold” rating and a $370.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.36.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the sale, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $24,044.40. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 281,124 shares of company stock worth $95,033,738 in the last quarter. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Down 2.2 %

DUOL stock opened at $328.60 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $339.13 and a two-hundred day moving average of $273.37. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.